Ethereum Classic Market Report: $ETC Propelled 21% on Coinbase News

Brief:

Coinbase announced it would list $ETC for trading in the months ahead and the price jumped over 21%. Ethereum Classic is up 16.59% in 24 hours, down -3.55% on the week and down -14.49% on the month on a last price of $14.69. The Ethereum Classic marketcap is $1,501,991,287 with a circulating supply of 102,245,833 $ETC. $ETC/USDT is trading between a 24hr high of $16.60 and a 24hr low of $12.62 on a 24hr OKEx volume of $87,750,000. This trading volume is heavy. The weekly price trend is mixed.

We are pleased to announce our intention to add support for Ethereum Classic (ETC) on Coinbase in the coming months.https://t.co/bUG4iLUr2J

Price change

Volume

The 24 hour volume for $ETC/USDT on OKEx is $87,750,000. This volume weight is heavy when compared with OKEx daily trading levels for $ETC over the last month.

The total 24 hour volume for all reporting $ETC markets is $664,743,000.

Market Share

The OKEx currency pair $ETC/USDT is 13.20% of all $ETC traded in twenty-four hours. OKEx commands top market share with its USDT pair.

Top $ETC Pairs
Tap/click for detail:

Remarks

Coinbase announced it would list $ETC for trading in the months ahead and the price jumped over 21%. Ethereum Classic is up 16.59% in 24 hours, down -3.55% on the week and down -14.49% on the month on a last price of $14.69. The Ethereum Classic marketcap is $1,501,991,287 with a circulating supply of 102,245,833 $ETC. $ETC/USDT is trading between a 24hr high of $16.60 and a 24hr low of $12.62 on a 24hr OKEx volume of $87,750,000. This trading volume is heavy. The weekly price trend is mixed.

While $ETC was heavily bouyed by the positive Coinbase news, the overall crypto market turned bearish again today after one brief period of halted recovery.

Highlight Chart

Tap / click to enlarge:

Coinbase announced it would list $ETC for trading in the months ahead and the price jumped over 21%. Ethereum Classic is up 16.59% in 24 hours, down -3.55% on the week and down -14.49% on the month on a last price of $14.69.

Data sources

Main Data Source

OKEx is the main data source for this report. The One Day Candles chart, highlight chart, and digital asset numeric trading data are from OKEx.

Secondary

CoinMarketCap is the secondary data source for this report. The One Year Chart, cryptocurrency rank, token circulating supply, and daily market share are sourced from CoinMarketCap.com.

Tertiary

XBTLivePriceTM and 24 Hours of Bitcoin are fine data products from KittyBitcoin.com

Other sources are credited where used.

Market capitalization

Market capitalization is the total $US dollar value of the Ethereum Classic market calculated using the formula:

market cap = ( circulating supply x last price )

Market cap

$ 1,501,991,287

Circulating supply

102,245,833

Last price

$ 14.69

Daily High Low

daily high

16.60 USDT

daily low

12.62 USDT

Trend

The weekly trend is mixed.

Trend is "mixed" when the week contains both green and red daily price candles, price movement up or down is significant, and there is no clear weekly price direction.

Resistance

Resistance is the highest price within the period:

period

resistance

day

16.60 USDT

week

16.60 USDT

Support

Support is the lowest price within the period:

period

support

day

12.62 USDT

week

11.94 USDT

Market sentiment

Market sentiment is neutral.

Image courtesy Pixabay.com

Summary

Coinbase announced it would list $ETC for trading in the months ahead and the price jumped over 21%. Ethereum Classic is up 16.59% in 24 hours, down -3.55% on the week and down -14.49% on the month on a last price of $14.69. The Ethereum Classic marketcap is $1,501,991,287 with a circulating supply of 102,245,833 $ETC. $ETC/USDT saw weekly resistance at $16.60 USDT and weekly support at $11.94 USDT. Market sentiment is neutral given the bearish bitcoin market. The weekly price trend is mixed in daily heavy volume trading.